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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

LEGAL: Queations and Answers by an Egyptian lawyer - Page 12

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  #111  
Old 25-05-2008, 05:43 PM
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Originally Posted by Zeiad Yehia View Post
Dear SuziQ2708,

Firstly you are not pain at all. I understand your worries when you are paying money "not a few" for something, and you worrying about every thing being convenient.

I confirm that the conversation of yesterday iwth Iraida's solicitor "Mr. Nagy" was exactly about this area between the compound and the beach.

Update:

I cut writing after the last line, and I called the solicitor of the developer again, just to ask more questions and hear more.

He confirmed that the said area is 200 m - 220 m not 150, and that the said huts will be put only on the sides but not in the middle, and that they won't reach the beach because there would be an area only for swimmers and those who want just to enjoy the sun. The said huts will be before this area, and wil be only on the sides.

All the best,

Zeiad Yehia
Solicitor
Thanks again Zeiad. That little matter seems to be cleared up. Still think it will be reasonable that it is put in writing, either on the contract itself or as a separate document, just so everyone is sure
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  #112  
Old 26-05-2008, 12:12 PM
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Originally Posted by queenie40something View Post
Rivera - I have checked all your posts. The deleted ones were promotional ones made by yourself and were against the rules which you were informed of this. One other was deleted as it was seen as argumentative. I will give you chance to read the posts then remove then from this thread as it is purely for legal questions.

Regards
Rivera works for Al Rivera. All agents, including ourselves, would love to sell this project but only if it is legal. Zeiad came all the way from Sharm specifically to look at the documents which had been provided by the land owner and the Developer. We have no interest in rubbishing this project but Zeiads's advice was don't touch it until the Due Diligence is in order. That remains our position and I would appreciate some input from Zeiad to confirm his findings.

If they get the correct paperwork in order it will be on every agents website.
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  #113  
Old 26-05-2008, 02:29 PM
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Originally Posted by SuziQ2708 View Post
I'm a little confused over the two types of registration. All the posts I've read regarding this, I am having difficulty in completely understanding! Can someone please list the pro's and con's for each type of registration, in simple english point form, taking in to account I live in the UK and am buying in the Hurghada area for holiday/investment purposes? Thanks
Suzi.

This link will explain all:

Property Survey Report 2008, GCC Property Market Survey Report - Research - ArabianBusiness.com
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  #114  
Old 26-05-2008, 02:43 PM
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Originally Posted by SuziQ2708 View Post
Thank you Red. I have seen that link before. Reading it again, I'm presuming that 'signature validity court verdict' is the best option for foreigners purchasing apartments for holiday rental/investment purposes.
Yep, it seems that's the option most people go for.

Rgds
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  #115  
Old 26-05-2008, 03:40 PM
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Originally Posted by Rivera Info View Post
Dear All

you know everybody i just trust the pepole are honest in all my life , even i was in my last time in Hurghada i was with some freind of mine working in travel agancy and we let him call Mr.Zeiad and he asked him about the documents and the legal way of Rivera Beach Resort , een he didn't tell him that he saw the documents before , and he told him that the same answer that Hurghada has alot of projects and nice project because i heared from someone that it has a problem with th elegal staff

what i meant here that if teh lawer is professinonal and he said that he heared about ( for me isn't acceptable) on the other hand he sweared to him that he isn't responsible of any one write on the forum as he can talk , as someone was worked in the Rivera comapny before but now he is out and he is trying to attacks the owner and the project and when the owner spoke to him, he been afraid to say that he did that but that is teh true.

i'm not saying that wasn't any nice projects in Hurghada except the Riera beach resort , but why the agent if they found themselves only trust in the person not in the papers they trying to attacks
any way The Rivera ompany is going a head with the project and they satmped the partnership contract from the egyptian court so my lawer confirmed me that all are in order

then i went with my lawer to the Rivera Co, and he showed us all the documents , i can see if somebody has something to hidden he would do that when i was in the ofice but brought all the documents and its normal if someone has a partner in his project

even the owner of Rivera company in his way to own the project by himself and buy the share of his partner which is 30% from the project

Dear Sir,

I read your post twice, doing my best effort to understand what exactly is the issue there but I failed to find it. I believe, however, that Mr. Mitry's reply summed up all what I can tell. He said it really in a good way.

With all my respect to your lawyer, but some stuff is not in order yet, and if your lawyer has another opinion I will be glad to post all the due diligence documents online, translate it, and write my comments down, but I 'truly' hope we won't go there.

When it comes to my statement that I am not responsible for what anyone writes it stands true, because I simply did not give any information on the forum concerning Riviera before I travel to Hurgada and check myself, and even then I still respected the promise I gave someone not to 'smear' the project, especially when the situation can be rectified, but in fact, it is not yet rectified and it is in a quite unacceptable sitation at the moment that TRULY needs to be corrected. Again I do respect your lawyer, you, and every one who uses 'reason' in discussion. Subsequently my 'reasonable' answer is that I possess documents that prove my opinion, but in the event you have newer documents or something I would be glad to see, and will be more glad to let those people who wanted to buy go ahead, 'cause you know what? This is more business for me!!! So I'd be glad if the project's due diligence was correct!

However, if you are now putting my promise against my conscience, it is not 'that' hard of choice; conscience will win!

Kindly keep this thread for fruitful discussions, and, again, in the event you have any documents that will falsify the documents I have, then please provide me with them and I will be more than happy to represent anyone who wants to purchase there. If your lawyer was happy with the documents which I've checked and took copy of, then you figure out what you want to do.


When it comes to the owner buying 30% of the other partner, please be informed that the other partner's position is null and void from the beginning, and that the land plot had a restriction for partnership in the original contract "which I have a copy of", and that the partnership was not done the rightway even, and subsequently has 0% legal value. The owner remains the original owner while the new partner has no legal authority of any kind. I am telling you just very few information here, but you might like to know it.

Finally, tricking someone over phone is possible, but when someone asks me about what I wrote about the project when I wrote nothing, and asking me about the result of my check when the whole process was discreet, it was not that hard to figure out that the caller was working for the partner! Who else knew I was there checking these documents? And who called didn't even know the name of the forum! Moreover, he knew I was checking it in Hurgada when a VERY FEW people knew that. The original owner is excluded since we were liaising on phone and she was a decent person and promised that the entire situation will be 100% legal soon. Consequently I withheld from giving any statements; the location is great, the price is convenient, and the owner wants to correct the situation. Why would I smear the project then?!

Anyway I ave nothing more to add, and for the third and last time, if you have newer documents...etc.

Thanks for your time reading.

All the best,

Zeiad Yehia
Solicitor
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  #116  
Old 26-05-2008, 03:55 PM
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Originally Posted by lyndsay552 View Post
Hi Zeiad,

Please can you help.

I'm having a nightmare about transporting my dog to Egypt.

I received paperwork saying that all her documentation had to be stamped by the egyptian embassy in London but we have a big problem with the time.

Her final paperwork cannot be completed until 96 hours before we fly but the egyptian embassy said that it would take 3 working days to process the paperwork. This time frame just does not add up.

Have you any idea what options are open for us? What would happen if we arrived in Hurghada airport without the embassy stamp?

Thanks very much

Lyndsay

Dear Lyndsay,

The pets' import/export issue remains a nightmare in Egypt I know. Just please do not violate the procedures or they would keep her in a box in the medical custody until the papers are all finished. It takes time I know and the procedures may be so hard, but please be patient, as this is the only legitimate way to let your pet in, in a good medical condition. And I apologize but there are no various options here, as Egypt is too strict about this issue, in fear of epidemics / diseases transmitted by animals from a country to another. I am a dog lover myself and always had dogs all my life, so I know exactly what you're going through, and this is why I don't want you to violate the rules or the dog may be put in conditions that you may not consider as 'best conditions'. You can delay your flight or something until the paperworks for her are all done.

All the best,

Zeiad Yehia
Solicitor
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  #117  
Old 27-05-2008, 09:53 AM
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Originally Posted by Rivera Info View Post
Dear Mr Ziead

i know my english isn't that good to let the other understand , but at least for me when you replaied my text means for me that you understand very well

so lets make as a points and i'll answer yours and i'll get the help from my lawyer too as i want to be sure all are in order

1. did you see the documents by yourself in realty
2. whats your points about that the project is not legal to sell
3. if this points is correct what you can advance to solve out the setuation as i have a ustomers waiting
4. i knew my english is not that good but i'm italian and french as my italian
sorry for my english again but i think u understood what i want to say

Regards
Best Wishes
Dear Sir,

Please read my reply above once again, and I promise you that you'll find all the answers to each of your questions within. On another note you are welcome to the forums to enquire about anything at any time.

Mon meilleur conseil voici attendre. Le temps résoudra chaque chose, mais s'il vous plaît ne pas laisser vos bénéfices de client jusqu'à ce que tous les documents sont complets.

Et oui. J'ai compris que vous avez voulu dire, et maintenant me c'est vous demandant de lire encore mon article au-dessus, et vous trouverez les réponses là, ceci est une promesse.

All the best,

Zeiad Yehia
Solicitor
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  #118  
Old 27-05-2008, 10:10 AM
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Originally Posted by Zeiad Yehia View Post
Et oui. J'ai compris que vous avez voulu dire, et maintenant me c'est vous demandant de lire encore mon article au-dessus, et vous trouverez les réponses là, ceci est une promesse.

All the best,

Zeiad Yehia
Solicitor
LOL!! Is there no end to your talents, Zeiad??
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  #119  
Old 27-05-2008, 10:16 AM
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Alison and I were just saying the same thing
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  #120  
Old 27-05-2008, 10:42 AM
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Hi - I am trying to get my head around the selling process - that is if we decide to sell. The way we have understood is there are 2 ways to register the property - the 1st way, we could not sell the property for 5 years? (please correct us if wrong) and the second by the 'signature validity court verdict' ? - when we could immediately.
Again - if we decided to sell - what would an estate agent want to see - besides the deeds? - a really confused person - and is it worth registering the property? any help gratefully accepted but in laymans language and a step by step version please from any estate agents out there!!!! thanks
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